'The Rosie Show' Axed By OWN

3/19/2012 12:44 PM ET

Rosie O'Donnell's "The Rosie Show" has reportedly been dropped by Oprah Winfrey's OWN network. The news comes via official statements by both O'Donnell and Winfrey, who were both thankful for the opportunity to work together.

"I was welcomed with open arms and will never forget the kindness of all I encountered. It was a great year for me - I wish the show was able to attract more viewers - but it did not. So I am headed back to my home in New York - with gratitude. On we go!" O'Donnell said in a statement.

Oprah also acknowledged OWN's struggling start since last year and thanked O'Donnell for her dedication to the network:

"As I have learned in the last 15 months, a new network launch is always a challenge and ratings grow over time as you continue to gather an audience. I'm grateful to Rosie and the dedicated 'Rosie Show' team for giving it their all," Winfrey said.